
|
background
Synopsis:
Peter began his career building his own business
from start-up to $50m in international sales, and subsequent
trade-sale, which made money for investors. Staff and revenues grew
by 100% in each of the last five years before exit. Since
then, he has founded several businesses, continuing
his career as an active entrepreneur.
Peter has worked for twenty years as an
adviser to investors and boards, owners and entrepreneurs in
businesses undergoing rapid change from rescue and turn-around to
growth.
Bio:
Peter
worked as an acoustics designer, for the great Ken Shearer who had
designed the famous saucers at the Albert Hall. After working on
several recording studios with Ken, Peter joined the London music
recording industry in the early 1970s, and designed studios for
George Martin's AIR Studios, The Bron Organisation, Vangelis,
Freddie Starr, Manfred Mann, The Kinks, and others. Additionally,
many hit records have been recorded in his studios by artists such
as Kiki Dee, Gene Pitney Cliff Richard, Stevie Wonder, Queen, Rod Stewart,
America, Manfred Mann, Mott the Hoople, Tony Ashton, Jim Capaldi,
Procul Harem, Leo Sayer, and Roxy Music, with Peter working on many
of the sessions.
In the late 1970s, Peter moved on to designing innovative electronic
equipment for the music business, and developed a unique cordless
sound system for musicians in recording studios, for which he holds
a patent.
He
founded the software house, Redwood International, in the early
1980s which became the largest software product company in Britain,
selling $50m a year around the world, with over a million users. By
the 1990s, the company had nearly 300 employees in twelve offices on
four continents, and made the majority of its sales in the USA to
major corporations and the Federal Government.
The
business was funded by venture capital, and five rounds were raised
in total. In the last five years, the company grew by over 100% each
year, and grew profit per employee at the same time. Peter
successfully secured a money-making exit for shareholders by trade sale in 1991.
 During
the 1990s, Peter qualified to fly helicopters, and was type rated on
the Robinson R22 and Bell JetRanger. He owned a 1981 airframe,
high skid JetRanger for several years, registration G-SIZL. He now
flies radio controlled helicopters because it's far more
difficult to do.
Peter developed his skills and career through his involvement in
a number of businesses, working as adviser and interim. In 2000,
Peter worked with the Advantage Technology Fund, an early-stage
investor whose investing partners were 3i, the Royal Bank of
Scotland, EEF, and the EU, and made eleven investments for the Fund
during 2001. This experience has combined with his entrepreneurial
background to give Peter an insight into venture capital investing
from both points of view.
He now concentrates on his own business ventures, and advises the
boards and shareholders of selected high growth and technology
businesses. He is an investment director with the
Technology Accelerator Fund. |